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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Motels
2351 Price St Pismo Beach, CA 93449-2109
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1885368
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Construction
WOOD
Total area
2,211 SF
Lot
1.5 ac (65,340 SF)
Zoning code
R4
APN
005-261-006
UPID
US09-1885368
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cottage Inn By the Sea Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$960k
Owner & transaction history
Cottage Inn LLC · 19 yrs held
Cottage Inn LLC
since 2006
7 recorded transactions
Zoning & alternative use
R4 · Pismo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pismo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pismo Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,215,000
Current use
COMMERCIAL (GENERAL)
$1,100,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,010,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$434 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$114,181
Tax year 2024
Assessed value
$9,906,869
Assessed 2024
Previous assessed
$9,906,869
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$2,691,010
Assessed improvement
$7,215,859
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
NONE
Buildings
2
Rooms
42
Bathrooms
34
Total area
2,211 SF
Lot
1.5 ac (65,340 SF)
Zoning code
R4
APN
005-261-006
UPID
US09-1885368
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R4 · Pismo Beach, CA
Zoning R4 · permitted uses
R4 · Pismo Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pismo Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
WOOD
Heating
NONE
Buildings
2
Rooms
42
Bathrooms
34
Lot
1.5 ac
Current owner
From public records · entity-resolved
Cottage Inn LLC
Entity
Mailing address
1933 CLF DR STE #1, SANTA BARBARA, CA 93109-1502
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2025
—
Cottage Inn LLC
—
Deed
related
$15,650,000 · Goldman Sachs Bank USA
Nov 3, 2006
—
Cottage Inn LLC
Sea Cottage Innvestors
Grant Deed
$9,365,000 · Ixis Real Estate Capital INC
Feb 14, 1997
—
Sea Cottage Investors LP
—
Grant Deed
related
$3,840,000 · Mid State Bank
Feb 13, 1997
$401,272
Sea Cottage Investors LP
Seaview Investors LP
Trustees Deed
related
—
Feb 13, 1997
$207,500
Sea Cottage Investors LP
Winter,dirk
Trustees Deed
related
—
Sep 20, 1995
—
Dirk Winter
Winter,lauren
Quit Claim Deed
related
—
Sep 20, 1995
$320,500
Winter,dirk
Seaview Investors
Trustees Deed
—
Apr 12, 1995
$1,900,000
Seaview Innvestors
Mid State Bank
Grant Deed
$1,235,000 · Mid State Bank
Jun 26, 1992
$2,292,868
Mid State Bank
King,john E
Trustees Deed
related
—
Oct 26, 1989
$2,200,000
John E King
K R Enterprises
Trustees Deed
—
Oct 26, 1989
—
John E King
King,john E
Quit Claim Deed
related
$2,100,000 · Mid State Bank
—
—
Sea Cottage Investors
—
Deed Of Trust
related
$4,300,000 · Mid State Bank
—
—
Cottage Inn LLC
—
Deed Of Trust
related
$15,250,000 · German American Cap
—
—
Rest Gro Knights
—
Deed Of Trust
related
$2,400,000 · Individual
—
—
Sea Cottage Investors
—
Deed Of Trust
related
$7,600,000 · Mid State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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